Some stakeholders have commended the Central Bank of Nigeria (CBN) for injecting $265million into the nation’s aviation sector. This action, the stakeholders said would bailout some of the foreign airlines out of the shortage of dollars . The News Agency of Nigeria(NAN) reports that the apex bank, on Friday,...
Central Bank of Nigeria (CBN)
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday increased the Monetary Policy Rate (MPR) to 14 per cent from its initial 13 per cent. Reading a communiqué after the committee’s meeting in Lagos, Mr Godwin Emefiele, the CBN Governor, said the MPC also...
In the face of rising demand for foreign exchange for goods, services, and other needs, the Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele says monetary policy alone cannot wholly address the country’s foreign exchange challenges. Mr. Emefiele disclosed this in a keynote to the maiden bi-annual Non-Oil...
The Central Bank of Nigeria (CBN), says it is set to introduce the Unstructured Supplementary (USSD) code as part of steps to improve the Central Bank Digital Currency (CBDC). The Deputy Governor of the CBN, Kingsley Obiora, said this at the IMF African Department Speakers Series held virtually on...
The Chairman of the independent National Electoral Commission (INEC), Mahmood Yakubu, says sensitive electoral materials will in the meantime no longer be routed through the Central bank of Nigeria (CBN). He also specifically notes that, beginning from the Ekiti State Governorship election, INEC will not keep its sensitive materials...
For the first time in over two years, the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) to 13 per cent. Mr Godwin Emefiele, Governor of the CBN, said this while reading the 285th communiqué issued at the end of the apex bank’s Monetary Policy...
The National Industrial Court sitting in Lagos has ordered the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) to pay over N5.7bn terminal benefits to over 1,000 bank workers affected by the re-capitalisation exercise of 2006. The money is to be paid within three months...
The Central Bank of Nigeria (CBN), has warned Deposit Money Banks (DMBs) to stop bringing “composed banknotes ” as part of their deposits with the apex bank. The warning is contained in a circular issued in Abuja by Ahmed Umar, the Director, Currency Operations Department of CBN, which he...
By JOY ADARA, Abuja – The Transparency Nigeria Group (TNG) has called on the Central Bank of Nigeria (CBN) to immediately dismiss Mr Ademola Ademise, the Chief Executive Officer (CEO) of Wema Bank PLC, a tier-3 lender quoted on the NGX. A statement issued on Tuesday by TNG Communications...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday voted to hold the Monetary Policy Rate (MPR) at 11.5 per cent for the umpteenth time. Reading a communiqué after the committee’s 282nd meeting on Tuesday, Mr Godwin Emefiele, the CBN Governor, said the MPC...